Stabilizing Your Financial Situation: A Guest Post by Bullion Vault

I’ve been approached several times by companies asking if they could advertise on my site via a guest post. Each time, I turned them down because the companies were not ones I wanted to endorse. But when http://www.bullionvault.com/ approached me, I said yes. The company is extremely reputable, and the idea of investing in gold is something most people don’t even think about, but should consider. If I had invested in gold post-divorce, instead of the stock market and my current home, I would be sleeping a lot better. Read on for financial tips and more information on BullionVault.

If you have recently gone through a major life change that has resulted in your being concerned about finances, the first thing to realize is that you aren’t alone. Nearly everybody worries at some point about finances, and everybody experiences times at which things look a bit bleak or uncertain.

Knowing that many others have gone through situations like yours can help you to understand that there are ways to make yourself feel more secure about your financial situation. Generally, this involves strategic financial management, careful investments, and taking advantage of savings opportunities. Here are a few specific tips.

1. If you are experiencing a sudden change that has you worried about your financial situation, such as a divorce, or an unexpected major expense, it may be tempting to dip into any savings you have, or potentially even your retirement fund. Try to avoid this at all costs, as it is one of the biggest financial mistakes you can make! If you are absolutely in need of funds and have nowhere else to turn, you have to make do, but if you are merely feeling some discomfort or temporary uncertainty, avoid the temptation to dip into savings — you’ll regret it later on.

2. Consider protecting your remaining assets, or at least a portion of them, via investment. This doesn’t mean you need to throw all of your money behind a risky trading idea in the hopes of making it big. However, it does mean that you should look into some strategic investment opportunities designed more for preservation than for gains. For example, in order to preserve the value of their wealth, a lot of people turn to gold investment through sites like BullionVault. This may be worth considering in certain economic climates, as it puts your assets in gold rather than currency, which can help you to avoid the consequences of the devaluation of that currency during stressful economic times. This is merely one example of how some investments may help you to feel more stable with your existing financial assets.

3. Finally, at least during the initial period of uncertainty or financial stress, take all of the small steps you can find toward saving money. These can add up to quite a bit of savings over time, and that extra bit of money every week or month can really help you to feel more secure. Whether it’s skipping your four-dollar latte in the morning, buying a water bottle instead of paying for a drink after the gym each day, etc., these sorts of little savings can amount to quite a bit. Saving even five or ten dollars a day can be an enormous help in times of financial stress.

This is a guest post written by freelancer Todd Anderson on behalf of BullionVault.

BullionVault is owned by Galmarley Limited, which is company number 4943684 registered in Great Britain.

As at March 2012 the company had 49 shareholders. For a modest fee you can obtain a full and formal shareholder list, updated annually, from Companies House.

Galmarley’s offices are in West London (UK) and we welcome callers by appointment. Our contact details are here.

Services are delivered to you by computer machinery hosted in separate locations in Britain and USA, which we connect to and manage from our London offices.

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About the Author

I survived a bad divorce. Then I survived a REALLY bad custody battle. My ex-husband, “Prince Machiavelli,” got pretty much everything except for my sense of humor and most of my marbles. Oh, and my name isn’t actually Pauline. I write under a pseudonym because I am always in post-divorce peril and the last thing I need is for Prince to drag me back to court. Don’t you feel better about your life now?